A weekly address from Patrick Adams,
President of St. Louis Community Credit Union

That’s a Lot of Bran Flakes, My Friend

It’s been six years since the Federal Reserve placed the federal-funds rate at near zero. To you, me and our neighbors, that “near zero” thing has equated to really low rates on our savings and certificate of deposits. How low? I joke regularly that my CD is earning “a couple of paper clips, a rubber band, two jacks and a piece of chewing gum.” In other words, those of us who save are making almost nothing. (more…)

Anybody Got Some Alka-Seltzer?

Finally, a reason to celebrate being old. According to a couple of folks down at the St. Louis Federal Reserve who spend their days sifting through data, numbers and countless footnotes (one would presume), those of us who are middle-aged and older have nearly fully recovered our wealth to pre-crisis levels. Party on, Garth. (more…)

What We Do Is Special

I love talking to people about what the Credit Union does. Especially to those who have never heard of us before. It is an eye-opening experience for those first-timers. What we do is special. I love the looks on their faces when they hear about the love and effort put forth for the good of mankind. They quickly come to realize that SLCCU is key to an individual’s socioeconomic progress in areas that are historically ignored when it comes to financial services. Strong people strengthen the neighborhoods. (more…)

Patrick Adams, CEO

Patrick has been employed with St. Louis Community Credit Union for more than 30 years. As a Community Development Financial Institution, St. Louis Community offers safe and affordable loans, second chance checking accounts and branches in underserved areas as part of its overall community giveback. Patrick is proud to be associated with nearly 200 employees who have a laser-like focus on service to our members and the community. Learn more at stlouiscommunity.com